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Britannia Mortgage
jakhtar1
Posts: 3 Newbie
Hi Guys
Some help needed please
I am planning to get a £25,000 mortgage with Britannia - interest only with a rate of about 4.5% - monthly payments of about £100. This is fixed rate for 3 years
I just wanted to know that for eg if i pay £6000.00 lump sum after 1 yr (this is not including the normal monthly payments)
i will be charged 2% of loan - £500 + £35 + £125.00. Once they take away £5,340.00 from my initial loan = £19,640 will my monthly payments go down??
Thanks
Jan
Some help needed please
I am planning to get a £25,000 mortgage with Britannia - interest only with a rate of about 4.5% - monthly payments of about £100. This is fixed rate for 3 years
I just wanted to know that for eg if i pay £6000.00 lump sum after 1 yr (this is not including the normal monthly payments)
i will be charged 2% of loan - £500 + £35 + £125.00. Once they take away £5,340.00 from my initial loan = £19,640 will my monthly payments go down??
Thanks
Jan
0
Comments
-
no the monthly payments would stay the same0
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